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The demand for GC sheets is expected to plummet at a CAGR of ~8% to 9.5 MT, owing to the anticipated demand led by end use segments such as agriculture warehousing and construction.
Incrase in demand for product application in industries including Agriculture and Real Estate.
Government incentuive for mobilising steel industry
| Revenue | ₹1,938.20 cr | ₹2,062.03 cr | |
| PAT | ₹29.93 cr | ₹32.82 cr (+9.66%) | |
| PAT Margin | 1.54 % | 1.59 % (+3.25%) | |
| EBITDA | ₹72.68 cr | ₹87.38 cr (+20.23%) | |
| EBITDA Margin | 3.75 % | 4.24 % (+13.07%) | |
| ROE | 16.03 % | 15.65 % (-2.37%) | |
| ROCE | 17.32 % | 12.80 % (-26.10%) | |
| D/E | 2.12 | 2.04 (-3.77%) |
Major business verticals of the coampny are DIstribution (Steel Products), Distribution (Tractor Engines), Manufactruing (PVC and Roll Forming) and Fabrication (PEB, Steel Grinder)
PE Ratio: 26.15x Average Sector PE Ratio: 15.40x
| QIB Shares Offered: | 234000 |
| − QIB (Ex. Anchor) Shares Offered : | 234000 |
| NII (HNI) Shares Offered: | 5616000 |
| - bNII > ₹10L: | 3744000 |
| - sNII < ₹10L: | 1872000 |
| Retail Shares Offered: | 17550000 |
| Total Shares Offered: | 23400000 |
| Application | Lot | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 151 | ₹14949 |
| Retail (Max) | 151 | 1963 | ₹194337 |
| S-HNI (Min) | 14 | 2114 | ₹209286 |
| S-HNI (Max) | 66 | 9966 | ₹986634 |
| B-HNI (Min) | 67 | 10117 | ₹1001583 |
Avg IPO Size (Sector Based):
₹ 333.41 cr.
Average Sector PE Ratio:
15.40 X
Listing Price:
₹ 78.00
BMW Ventures Limited is actively engaged in the trading and distribution of steel products, tractor engines and spare parts, as well as the manufacturing of PVC pipes, roll-formed components, and the fabrication of pre-engineered buildings (PEB) and steel girders. Over the years, it has built a robust dealer and distributor network across multiple product categories, including long and flat steel products, tractor engines, roll-forming items, and PVC pipes. Sales of PEB structures and steel girders are primarily directed toward institutional clients.
Specializing in the distribution of long and flat steel products throughout Bihar, India, the company has developed a business model centered on delivering high-quality materials with timely service to its extensive dealer network. As the exclusive distributor for its primary supplier, the company supplies steel products through 1,299 dealers as of March 31, 2025, covering 29 out of Bihar’s 38 districts.
Its long steel product portfolio includes TMT bars, galvanized wires, and Structura hollow sections in rectangular, square, and circular shapes. The flat steel range comprises galvanized corrugated sheets (GC Sheets), galvanized plain sheets (GP Sheets), hot rolled sheets and coils (HR Sheets), color-coated GC Sheets, and cold rolled sheets and coils (CR Sheets). Additional offerings include Agrico-brand farm tools such as hoes, shovels, sickles, crowbars, pickaxes, and hammers, along with residential and commercial steel doors and windows.
All steel products—including TMT bars, GC Sheets, HR and CR Sheets, GP Sheets, steel wires, hollow pipes, farm tools, and steel doors and windows—are sourced exclusively from the company’s primary supplier in Bihar. These products serve a wide range of industrial applications, including construction, automotive, and general engineering sectors.
Sarthi Capital Advisors Private Limited, based in Mumbai is the Lead Manager (BRLM) of BMW Ventures IPO. Sarthi Capital Advisors Private Limited has handled (17) SME IPOs till date of which (76%) of the SME IPOs have been listed with listing gains. Read full review of Sarthi Capital Advisors Private Limited .
BMW Ventures IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on BMW Ventures Financial Review Page
Merchant Banker(s) of BMW Ventures IPO: Sarthi Capital Advisors Private Limited
BMW Ventures IPO subscription was 1.50 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
BMW Ventures IPO listed at a listing price of 78.00 against the offer price of 99.00.
The current market price of BMW Ventures is 60.57.
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